Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Stock Price Down 1.3%

Posted by Doug Wharley on Sep 8th, 2024

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC – Get Free Report) fell 1.3% during mid-day trading on Friday . The company traded as low as $24.31 and last traded at $24.37. 25,477 shares traded hands during trading, a decline of 72% from the average session volume of 89,698 shares. The stock had previously closed at $24.69.

Cabana Target Drawdown 10 ETF Stock Performance

The company has a market cap of $228.35 million, a price-to-earnings ratio of 23.66 and a beta of 0.40. The stock’s fifty day moving average is $24.55 and its two-hundred day moving average is $24.14.

Cabana Target Drawdown 10 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Monday, June 24th were issued a dividend of $0.0323 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, June 24th. Cabana Target Drawdown 10 ETF’s dividend payout ratio is currently 49.51%.

Institutional Investors Weigh In On Cabana Target Drawdown 10 ETF

A hedge fund recently bought a new stake in Cabana Target Drawdown 10 ETF stock. Davis R M Inc. acquired a new position in shares of Cabana Target Drawdown 10 ETF (NASDAQ:TDSC – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,653 shares of the company’s stock, valued at approximately $341,000. Davis R M Inc. owned about 0.12% of Cabana Target Drawdown 10 ETF at the end of the most recent reporting period. Institutional investors and hedge funds own 31.57% of the company’s stock.

About Cabana Target Drawdown 10 ETF

(Get Free Report)

The Cabana Target Drawdown 10 ETF (TDSC) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds which aims to provide long-term growth that adjusts an asset allocation to pursue a targeted risk parameter of 10% from peak to trough.